We are the trusted advisor to many of our clients and we work to help them make prudent financial decisions along the way. We help ensure that our business clients are making sensible decisions that are cohesive and in alignment with their business and financial goals.
Corporate Retirement Plans
Through Cetera Advisor Networks, we utilize licensed consultants that are dedicated to helping us ensure that our clients’ retirement plans are ERISA compliant. These licensed consultants are dedicated to helping us ensure that our clients’ retirement plans are ERISA compliant. And to ensure that our clients’ and their employees are not paying excessive fees, we offer an expense analysis as well.
Buy-Sell plans are written agreements made between the partner and shareholders of businesses that specify buy-out provisions caused by death, disability, divorce, bankruptcy, voluntary termination, or company dissolution. The execution of a buy-sell agreement secures a number of tangible benefits for the shareholders, including:
- Continuity of management and control for the remaining owners
- A ready market for typically non-marketable business interests
- Liquidity to the decedent’s estate for estate taxes and administration costs
- A fair valuation of the business interest for federal estate tax purposes
- A fair return to the decedent’s estate for business interests
Business Succession Planning
A key goal of many of our business owners is to one day transfer their business interest either to family members or to key employees. When properly executed, this type of planning can offer to both the current and successor owners a worry-free, tax-efficient method of business succession.
Furthermore, the loss of a business owner through death or disability can catch even the most efficiently managed small companies off guard and, worse, unprepared to deal with the repercussions. Family businesses in particular are susceptible to erosion of capital due to estate taxes and legal fees, not to mention the possible hurdles of voting control being scattered among heirs with conflicting points of view impeding the business’ operation and growth.
We can provide a professional evaluation of your current situation, and implement a plan that is designed with the goal of helping to avoid and mitigate issues that could arise in the future.
Non-qualified, deferred compensation programs are typically employed to provide supplemental retirement benefits to senior management. These programs typically include selective incentive plans, wherein the company makes contributions to fund the plan on behalf of selected employees. Executive compensation plans are a popular vehicle to attract and retain key individuals of your company.
Business Risk Management Analysis
Implementing a risk management program is fundamental to a company’s ability to protect itself against the loss of key personnel through death or disabling injury or sickness. We offer expertise on selecting life and disability insurance coverage for such a program.
We conduct a financial security analysis to determine the appropriate protection for companies and their key executives. This process involves evaluating risk management needs and then balancing them with living or wealth accumulation strategies. We design risk management programs to be affordable, to fill corporate and individual needs, and to be flexible enough to change as your business needs change. Our analysis also involves a review of any existing coverage to ensure that it is cost effective and reflects up-to-date features and benefits.
Employment Stock Option Strategies
Stock option plans can be a flexible way for companies to share ownership with employees, reward them for performance, and attract and retain a motivated staff. For growth-oriented companies, options are a great way to preserve cash while giving employees a piece of future growth. Through a focused stock option plan, we can help simplify a complicated process and help you extract the maximum value from your options.